What’s new: State-owned China Cosco Shipping Corp. Ltd.’s investment in a new container terminal in Egypt entered the antitrust review phase, a disclosure by China’s market regulator showed.
The shipping giant’s unit Cosco Shipping Ports Ltd. established a joint venture with the European unit of Hong Kong rival Hutchison Ports and a port unit of French shipping power CMA CGM S.A., the antitrust enforcement department of China’s State Administration for Market Regulation (SAMR) disclosed Sunday in a statement.
